KeyBanc Downgrades Aeropostale, Inc. (ARO) to Hold
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Price: $16.52 +0.06%
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
10 Buy, 20 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade ARO Now!
KeyBanc downgraded Aeropostale, Inc. (NYSE: ARO) from Buy to Hold saying they believe that the middle income consumer remains pressured.
The firm comments, "With a +15% increase in gas prices since January 17, 2013, a roughly $36 billion gap in tax refunds paid year-over-year, and the impact of the payroll tax, we believe that consumers remain pressured. For Aeropostale, the Company is still in the early innings of moving its logo business to a higher fashion content business. Change comes slowly in such processes, and the de-emphasis on logo may pressure near-term results."
NOTE: Ascena Retail Group, Inc. (NASDAQ: ASNA) was also downgraded.
For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.
Shares of Aeropostale, Inc. closed at $12.76 yesterday, with a 52 week range of $11.76-$23.05.
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The firm comments, "With a +15% increase in gas prices since January 17, 2013, a roughly $36 billion gap in tax refunds paid year-over-year, and the impact of the payroll tax, we believe that consumers remain pressured. For Aeropostale, the Company is still in the early innings of moving its logo business to a higher fashion content business. Change comes slowly in such processes, and the de-emphasis on logo may pressure near-term results."
NOTE: Ascena Retail Group, Inc. (NASDAQ: ASNA) was also downgraded.
For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.
Shares of Aeropostale, Inc. closed at $12.76 yesterday, with a 52 week range of $11.76-$23.05.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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